running a crime syndicate and money laundering<\/strong>. The company has also appointed Li Chu Kwan as co-chairman.<\/p>\n\n\n\nLevo Chan Weng Lin had replaced Melinda Chan Mei Yi in December 2020, with Melinda Chan remaining as executive director.\u00a0Aged 57, Chan has been an executive director since 26 March 2020. She was chief executive officer of the company between 26 March 2020 and 29 December 2020.<\/p>\n\n\n\n
Melinda Chan has recently said the company aims to become\u00a0a Macau gaming concessionaire in its own right<\/strong>\u00a0following the review of the city\u2019s gaming legislation. The company currently\u00a0operates three casinos through services agreements under SJM Holdings\u2019 gaming licence<\/strong>. It also controls Macau Fisherman\u2019s Wharf.<\/p>\n\n\n\nUnder Macau\u2019s proposed gaming law amendment bill, the city\u2019s satellite casinos would have a three-year grace period<\/strong> to tie the ownership of the venue to any of the six gaming concessionaires allowed in the Macau market. <\/p>\n\n\n\nCurrently,\u00a0there are 18 satellite casinos in the city<\/strong>: 14 use rights from SJM Holdings, three from Galaxy Entertainment Group Co and one from Melco Crown Entertainment. The final draft of Macau\u2019s gaming law amendment bill may be submitted to the\u00a0Legislative Assembly (AL)<\/strong>\u00a0for discussion and a vote before the current casino concessions expire on June 26.<\/p>\n","protected":false},"excerpt":{"rendered":"Melinda Chan Mei Yi has been re-appointed as chief executive officer of Macau Legend Development due to the arrest of Levo Chan.<\/p>\n","protected":false},"author":176,"featured_media":18021,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Melinda Chan Mei Yi has been re-appointed as CEO of Macau Legend Development following the arrest of Levo Chan Weng Lin for alleged illegal gambling and money laundering. The company, which operates satellite casinos under SJM Holdings' license, aims to secure its own gaming concession amidst Macau's evolving gaming legislation and a proposed grace period for satellite casino ownership.","focusai_entities":"Melinda Chan Mei Yi, Levo Chan Weng Lin, Li Chu Kwan, Macau Legend Development Ltd, SJM Holdings, Galaxy Entertainment Group Co, Melco Crown Entertainment, Legislative Assembly (AL)","focusai_location":"Macau","focusai_target_profile":"ceo_executive (0.9), regulator (0.95), compliance_legal (0.9), operator_casino (0.85), payments_fraud_aml (0.8), investor_analyst (0.9), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Concession Strategy Impact","query":"How will the re-appointment of Melinda Chan Mei Yi and the legal issues surrounding Levo Chan influence Macau Legend Development's strategic timeline and operational capacity to secure an an independent gaming concession under the proposed new legislation?"},{"label":"Regulatory Enforcement Scope","query":"What specific measures will Macau's DICJ implement to enhance oversight and enforcement against illegal gambling and money laundering activities, particularly concerning satellite casinos and their service agreements with concessionaires, in light of this executive arrest?"}],"footnotes":""},"categories":[157,16338],"tags":[22593],"class_list":["post-27677","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news","category-east-asia-news","tag-macau-legend"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/27677","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/176"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=27677"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/27677\/revisions"}],"predecessor-version":[{"id":27686,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/27677\/revisions\/27686"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/18021"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=27677"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=27677"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=27677"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}